Reported about 5 hours ago
Investor Michael Burry, known for predicting the 2008 housing market crash, has revealed that his hedge fund, Scion Asset Management, is betting against tech giants Nvidia and Palantir. Despite Palantir boosting its revenue outlook, its shares dropped following questions on valuation, while Nvidia's stock fell amid national security concerns over chip sales to China. Burry, a contrarian investor, has previously made successful predictions, and his latest bets align with Wall Street’s cautious outlook on current market valuations.
Source: YAHOO